Bulgaria: Wool Market Overview 2019

Wool Market Size in Bulgaria

The revenue of the wool market in Bulgaria amounted to $X in 2018, picking up by X% against the previous year. In general, wool consumption, however, continues to indicate an abrupt reduction. The pace of growth appeared the most rapid in 2018, with an increase of X% year-to-year. Bulgaria wool consumption peaked at $X in 2008; however, from 2009 to 2018, consumption failed to regain its momentum.

Wool Production in Bulgaria

In value terms, wool production stood at $X in 2018 estimated in export prices. Overall, wool production, however, continues to indicate a pronounced slump. The pace of growth was the most pronounced in 2008, with an increase of X% year-to-year. In that year, wool production reached its peak level of $X. From 2009 to 2018, wool production growth remained at a lower figure.

Wool Exports

Exports from Bulgaria

In 2018, the amount of wool exported from Bulgaria stood at X tonnes, increasing by X% against the previous year. Over the period under review, wool exports continue to indicate a strong expansion. The growth pace was the most rapid in 2010, with an increase of X% y-o-y. Over the period under review, wool exports reached their peak figure at X tonnes in 2014; however, from 2015 to 2018, exports remained at a lower figure.

In value terms, wool exports amounted to $X in 2018. In general, wool exports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2008, when exports increased by X% year-to-year. Bulgaria exports peaked at $X in 2014; however, from 2015 to 2018, exports remained at a lower figure.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Syrian Arab Republic, while the other leaders experienced more modest paces of growth.

In value terms, the largest wool markets from Bulgaria were Australia ($X), New Zealand ($X) and the UK ($X), with a combined X% share of total exports. Turkey, Uruguay, Mongolia, China, Syrian Arab Republic, Russia, Turkmenistan, Saudi Arabia, Kazakhstan and Bulgaria lagged somewhat behind, together accounting for a further X Arab Republic recorded the highest rates of growth with regard to exports, in terms of the main exporting countries over the last eleven year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the wool export price in Bulgaria amounted to $X per tonne, growing by X% against the previous year. Over the last eleven year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008, an increase of X% against the previous year. Over the period under review, the export prices for wool reached their peak figure at $X per tonne in 2011; however, from 2012 to 2018, export prices remained at a lower figure.

Export prices varied noticeably by the country of origin; the country with the highest export price was Australia ($X per tonne), while Kazakhstan ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of export prices was attained by Turkey, while the other leaders experienced more modest paces of growth.

Wool Imports

Imports into Bulgaria

In 2018, wool imports into Bulgaria totaled X tonnes, picking up by X% against the previous year. Overall, wool imports, however, continue to indicate a deep descent. The pace of growth appeared the most rapid in 2016, when imports increased by X% y-o-y. Bulgaria imports peaked at X tonnes in 2007; however, from 2008 to 2018, imports remained at a lower figure.

In value terms, wool imports totaled $X in 2018. Overall, wool imports, however, continue to indicate an abrupt curtailment. The pace of growth was the most pronounced in 2016, with an increase of X% year-to-year. In that year, wool imports attained their peak of $X. From 2017 to 2018, the growth of wool imports remained at a somewhat lower figure.

Imports by Country

China (X tonnes) and India (X tonnes) represented roughly X% of total imports of wool in 2018. The UK (X tonnes) occupied the next position in the ranking, followed by Italy (X tonnes). All these countries together occupied near X% share of total imports. South Korea (X tonnes), Denmark (X tonnes), Germany (X tonnes), Thailand (X tonnes), Lithuania (X tonnes), Belgium (X tonnes), Poland (X tonnes) and Japan (X tonnes) occupied a relatively small share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by the UK, while the other leaders experienced more modest paces of growth.

In value terms, China ($X), India ($X) and South Korea ($X) were the countries with the highest levels of imports in 2018, together comprising X% of total imports. The UK, Italy, Thailand, Germany, Poland, Japan, Denmark, Lithuania, Belgium and Bulgaria lagged somewhat behind, together comprising a further X terms of the main importing countries, the UK experienced the highest rates of growth with regard to imports, over the last eleven year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the wool import price in Bulgaria amounted to $X per tonne, going down by -X% against the previous year. Over the period under review, the import price indicated a moderate increase from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, the wool import price decreased by -X% against 2016 indices. The growth pace was the most rapid in 2011, when the import price increased by X% y-o-y. In that year, the import prices for wool attained their peak level of $X per tonne. From 2012 to 2018, the growth in terms of the import prices for wool remained at a somewhat lower figure.

There were significant differences in the average import prices amongst the major importing countries. In 2018, the country with the highest import price was South Korea ($X per tonne), while India ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of import prices was attained by Poland, while the other leaders experienced more modest paces of growth.

This report provides an in-depth analysis of the wool market in Bulgaria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.

Country coverage:

• Bulgaria

Data coverage:

• Market volume and value

• Per Capita consumption

• Forecast of the market dynamics in the medium term

• Trade (exports and imports) in Bulgaria

• Export and import prices

• Market trends, drivers and restraints

• Key market players and their profiles

Reasons to buy this report:

• Take advantage of the latest data

• Find deeper insights into current market developments

• Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

1. How to diversify your business and benefit from new market opportunities

2. How to load your idle production capacity

3. How to boost your sales on overseas markets

4. How to increase your profit margins

5. How to make your supply chain more sustainable

6. How to reduce your production and supply chain costs

7. How to outsource production to other countries

8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.